WHAT IS ECOMMERCE?
Ecommerce, also known as e-Business, or electronic business, is simply the sale and purchase of services and goods over an electronic medium, like the Internet. It also involves electronically transferring data and funds between two or more parties. Simply put, it is online shopping as we commonly know it.
Ecommerce started way back in the 1960s when organizations began to use Electronic Data Interchange (EDI) to transfer documents of their business back and forth. The 1990s saw the emergence of online shopping businesses, which is quite a phenomenon today.
It has become so convenient and easy, that anyone can shop for anything right from a living room, with just a few clicks. This has evolved more with the emergence of smartphones, where now, you can shop from anywhere and anytime, with a wireless device connected to the Internet. Now you can search for almost any product or service online, without having to go anywhere physically.
E-COMMERCE WEBSITE DEFINITION
Trade, be it barter exchange or buying and selling of goods and services has been prevalent for centuries. No one can be self-sufficient. And this brings out the need for demand and supply of goods and services. Transactions have been going on all over the world for centuries, locally, and across locations. Keeping the same concept in mind, now think electronic.
WHAT IS AN ECOMMERCE WEBSITE?
eCommerce websites are online portals that facilitate online transactions of goods and services through means of the transfer of information and funds over the Internet. In the early days, e-Commerce was done partially through emails and phone calls. Now, with a single website, anything and everything that a transaction needs, can be executed online.
There are different e-Commerce websites for every field. The most common type is retail selling, but there are many others too, like auction websites, business-to-business services, music portals, consultancy websites, finance management websites, and the like. You can build such websites by hiring dedicated developers.
What is Mobile Commerce?
Mobile Commerce simply means buying and selling of goods, done by customers using their mobile devices.
With mobile devices taking over the planet, quite literally everyone uses their mobile devices more often than their laptops or desktops – to browse the internet. There has been a huge increase in transactions done via mobile devices in the last few years – so the benefits of mobile commerce are significant.
Top ecommerce builders
Woocommerce is the best among them all.
Shopify is the best and most comprehensive ecommerce builder on the market today. It’s designed for the specific purpose of helping its users build online stores and offers loads of features and apps that allow you to sell both through the website, and across multiple channels like Facebook, Amazon and Pinterest. You have over 100 beautiful storefront templates to choose from and can receive 24/7 support. Highly recommended!
Wix is a website builder first and foremost, and a brilliant one at that. It has a large selection of professional, ecommerce specific templates and helps you to build your online store with an intuitive drag & drop interface, comprehensive support, and a growing app market. Wix is ultimately a user-friendly platform ideal for small businesses and independent entrepreneurs
BigCommerce is great if you’re looking to grow your business into an ecommerce empire. It’s got everything you need available as an in-built feature at no added cost, and allows you to sell across multiple channels. BigCommerce is for serious businesses who are looking to scale up fast.
Different Types of eCommerce Websites
Different e-commerce websites are labeled or referred to differently, based on the function they fulfill.
Business-to-Business (B2B): Electronic transactions of goods and services between companies.
Business-to-Consumer (B2C): Electronic transactions of goods and services between companies and consumers.
Consumer-to-Consumer (C2C): Electronic transactions of goods and services between consumers, mostly through a third party.
Consumer-to-Business (C2B): Electronic transactions of goods and services where individuals offer products or services to companies.
Business-to-Administration (B2A): Electronic transactions of goods and services between companies and public administrations.
Consumer-to-Administration (C2A): Electronic transactions of goods and services between individuals and public administrations.
Importance of e-Commerce
With the use of mobile devices and laptops increasing every day, there are a lot of advantages of e-commerce like –
Global market reach
A global choice for consumers
Short product/service distribution chain
Lesser costs and pricing
Disadvantages of e-Commerce
And there are some risks too with e-commerce –
Fraud and online insecurity
Data privacy issues
No testing or checking of services or goods
Dependence on electronic technologies
WHAT MAKES A GOOD E-COMMERCE WEBSITE?
If you are looking to start and e-Commerce website, there are a few things that you need to understand and keep in mind to be successful in the game. Make no mistake, there are many online shopping websites out there, and the top few are such great brands that they control most of the market share.
contact me for more information.